Tired of your holiday home? Swap it for a yacht
by Lauren Sams · Australian Financial ReviewLauren SamsFin editor, deputy editor AFR Magazine and fashion editor
Oct 5, 2026 – 5.00am
It’s the very definition of a champagne problem: Wade Shealy just does not get around to using his yacht often enough. “My wife and I have one but we don’t use it a lot,” says the affable Texan, speaking over the phone from one of his homes in the United States (this one is in Nashville). “We travel all the time, so we don’t often get the chance. We feel really guilty.”
Shealy had a similar problem a few years ago, when he realised he and his wife were not utilising their property portfolio suitably. Having made his fortune in real estate, Shealy and his wife – Debbi Fields, the founder of cookie empire Mrs Fields – had an idea: what if wealthy people like them could swap homes, putting luxury properties to use when their owners weren’t in town? It was the basis of ThirdHome, founded in 2010.
Loading...
Save
Log in or Subscribe to save article
Share
Copy link
Copied
Copy link
Copied
Share via...
Gift this article
Subscribe to gift this article
Gift articles to anyone you choose each month when you subscribe.
Already a subscriber? Login
Read More
Lauren SamsFin editor, deputy editor AFR Magazine and fashion editorLauren Sams is the editor of Fin Magazine, The Australian Financial Review’s luxury quarterly edition. She is also the deputy editor at The Australian Financial Review Magazine and the fashion editor. She writes about the business of fashion and beauty. Email Lauren at lauren.sams@afr.com
Latest In Travel
Fetching latest articles